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Compute labor efficiency variance and a labor rate variance

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China Inc. produces custom-painted cake plates for a number of major department stores. During the most recent week, the company prepared 6,000 platesusing 1,150 direct labor-hours. The company paid its direct labor workers at an average pay rate of $10.00 per hour. According to the standard cost card, each plate should require .20 direct-hours at a cost of $9.50 per hour.

Required: Compute the labor efficiency variance and a labor rate variance.

 

Reference no: EM13509168

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